November 29, 2016 - By Nellie Frank · 0 Comments
Alaska Air Group Inc (NYSE:ALK) institutional sentiment increased to 1.03 in Q2 2016. Its up 0.01, from 1.02 in 2016Q1. The ratio is better, as 229 funds started new or increased equity positions, while 224 cut down and sold their holdings in Alaska Air Group Inc. The funds in our partner’s database now hold: 106.92 million shares, down from 115.17 million shares in 2016Q1. Also, the number of funds holding Alaska Air Group Inc in their top 10 equity positions decreased from 7 to 5 for a decrease of 2. Sold All: 67 Reduced: 157 Increased: 141 New Position: 88.
Alaska Air Group, Inc. is the holding firm of Alaska Airlines and Horizon Air (Horizon). The company has a market cap of $10.14 billion. The Firm operates through three divisions: Alaska Mainline, Alaska Regional and Horizon. It has a 11.55 P/E ratio. The Company’s Alaska Mainline segment operates the Boeing 737 part of Alaska’s business.
The stock decreased 0.39% or $0.32 during the last trading session, hitting $82.43. Alaska Air Group, Inc. (NYSE:ALK) has risen 10.87% since April 26, 2016 and is uptrending. It has outperformed by 5.61% the S&P500.
Analysts await Alaska Air Group, Inc. (NYSE:ALK) to report earnings on January, 19. They expect $1.25 earnings per share, down 14.38% or $0.21 from last year’s $1.46 per share. ALK’s profit will be $153.77 million for 16.49 P/E if the $1.25 EPS becomes a reality. After $2.20 actual earnings per share reported by Alaska Air Group, Inc. for the previous quarter, Wall Street now forecasts -43.18% negative EPS growth.
According to Zacks Investment Research, “Alaska Air Group, Inc. is a holding company and has two principal subsidiaries: Alaska Airlines, Inc. and Horizon Air Industries, Inc. Both subsidiaries operate as airlines. However, each subsidiary’s business plan, competition and economic risks differ substantially. Alaska is a major airline, operates an all jet fleet, and its average passenger trip length is 833 miles. Horizon is a regional airline, operates jet and turboprop aircraft, and its average passenger trip is 231 miles.”
Par Capital Management Inc holds 4.4% of its portfolio in Alaska Air Group, Inc. for 4.55 million shares. Altimeter Capital Management Lp owns 902,489 shares or 3.92% of their US portfolio. Moreover, Tanaka Capital Management Inc has 3.15% invested in the company for 21,035 shares. The Texas-based Goodman Financial Corp has invested 2.78% in the stock. Horizon Investment Services Llc, a Indiana-based fund reported 77,563 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 10 insider sales for $2.56 million net activity.
Ratings analysis reveals 42% of Alaska Air Group’s analysts are positive. Out of 12 Wall Street analysts rating Alaska Air Group, 5 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $73 while the high is $105. The stock’s average target of $88.70 is 7.61% above today’s ($82.43) share price. ALK was included in 30 notes of analysts from July 24, 2015. As per Tuesday, August 4, the company rating was maintained by Morgan Stanley. The firm has “Overweight” rating given on Wednesday, July 27 by JP Morgan. Stifel Nicolaus downgraded Alaska Air Group, Inc. (NYSE:ALK) on Tuesday, December 22 to “Hold” rating. Raymond James maintained the stock with “Buy” rating in Tuesday, September 1 report. Cowen & Co reinitiated the stock with “Outperform” rating in Monday, May 16 report. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “In-Line” rating by Imperial Capital on Friday, October 21. Deutsche Bank maintained it with “Hold” rating and $77 target price in Friday, October 23 report. Cowen & Co maintained the shares of ALK in a report on Tuesday, August 18 with “Outperform” rating. The firm has “Buy” rating given on Friday, January 22 by Deutsche Bank. The rating was initiated by Imperial Capital on Friday, September 23 with “In-Line”.
Alaska Air Group, Inc., incorporated on March 15, 1985, is the holding firm of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Firm operates through three divisions: Alaska Mainline, Alaska Regional and Horizon. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon, SkyWest Airlines, Inc. (SkyWest) and Peninsula Airways, Inc. (PenAir) for regional capacity. The Firm serves approximately 100 cities through a network in Alaska, the Lower 48, Hawaii, Canada, Mexico and Costa Rica. The Alaska Airlines Mileage Plan program provides a suite of frequent flier benefits.
More news for Alaska Air Group, Inc. (NYSE:ALK) were recently published by: Cnbc.com, which released: “Alaska Air nearing settlement with US on Virgin deal: Report” on November 18, 2016. Zacks.com‘s article titled: “Alaska Air’s Route Expansion Impresses, Competition a Drag” and published on November 28, 2016 is yet another important article.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Nellie Frank